Forex: all news & analysis

Explore our comprehensive Forex Archive, an essential resource that provides expert insights on price movements, trends, and the currency market. By analysing past price actions and key events, you can uncover vital market dynamics and elevate your understanding of effective trading strategies. Whether you're focusing on major currency pairs or emerging markets, our archive is packed with information to help you sharpen your trading decisions.

Euro extends losses after soft eurozone retail sales

Eurozone retail sales decline by 2.9% The euro is down on Wednesday, after a two-day losing streak. In the European session, EUR/USD is trading at 1.0675, down 0.23%. Eurozone retail sales slide The eurozone economy has been sputtering, so it's no wonder that consumers are in a sour mood and holding tight on the purse strings.

08-11-2023 06:59 GMT by Kenneth Fisher

New Zealand dollar shrugs as inflation expectations dip

Inflation expectations ease to a two-year low The New Zealand dollar is slightly lower on Wednesday. In the European session, NZD/USD is trading at 0.5924, down 0.19%. NZ inflation expectations dip New Zealand's inflation rate has been dropping, albeit slowly.

08-11-2023 05:49 GMT by Kenneth Fisher

AUD/USD - Remains rangebound despite RBA interest rate hike

RBA hikes and signals it's now data-dependent Inflation remains a challenge despite already high rates AUDUSD fails to breakout but momentum remains The RBA today ended a series of four rate pauses and hiked by another 25 basis points. The fact that it's needed to hike again after such a long time highlights how difficult central banks are finding it to get inflation under control and how much more difficult this last stage may prove than hoped.

07-11-2023 15:48 GMT by Craig Erlam

Euro edges lower as German Industrial Production declines

German Industrial Production declines Fed's Powell will make public remarks on Wednesday The euro is in negative territory for a second straight day. In Tuesday's North American session, EUR/USD is trading at 1.0684, down 0.31%. German Industrial Production declines 1.4% Germany's industrial production slipped 1.4% m/m in September, following a downwardly revised -0.1% reading in August and well shy of the market consensus of -0.1%.

07-11-2023 12:14 GMT by Kenneth Fisher

NZD/USD slides on RBA decision, mixed Chinese data

New Zealand dollar sharply lower RBA raises rates but Australian dollar slides Chinese exports decline The New Zealand dollar is down sharply on Tuesday. In the North American session, NZD/USD is trading at 0.5927, down 0.61%.

07-11-2023 11:08 GMT by Kenneth Fisher

Australian dollar plunges after RBA hike

RBA raises rates but eases tightening bias Australian dollar slides over 1% The Australian dollar has recorded massive losses on Monday. In the European session, AUD/USD is trading at 0.6422, down 1.05%.

07-11-2023 07:24 GMT by Kenneth Fisher

AUD/USD Technical: RBA hike has already been priced in, minor corrective decline in progress

AUD/USD Technical: RBA hike has already been priced in, minor corrective decline in progress RBA hiked the official cash rate by 25 bps to 4.35% as expected. Revised up slightly projected year-end 2024 Australia CPI inflation to be around 3.5% from 3.25% previously forecasted in August. AUD/USD has declined by -64 pips intraday from yesterday, 6 November high of 0.6523. Short-term momentum has turned bearish as depicted by the hourly RSI.

06-11-2023 23:24 GMT by Kelvin Wong

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Podcast - Potential rate hike by RBA, China's deflationary risk and Powell's Fed speak on the radar

OANDA Senior Market Analyst Kelvin Wong joins Jonny Hart to discuss several key highlights and events for this week; a hawkish RBA resurgence and its implications on the AUD/USD, China's deflationary spiral risk, and all ears on Fed speak from Powell on the clarity on the pace and start of interest rate cuts in US. https://open.spotify.com/episode/25yapp1dEbC1H5MVUWYhyM

06-11-2023 19:19 GMT by Kelvin Wong

British pound steadies, Construction PMI declines

UK Construction PMI continues to decline British pound soars on soft US nonfarm payrolls The British pound is steady at the start of the week. In the North American session, GBP/USD is trading at 1.2396, up 0.14%. UK Construction PMI declines UK Construction PMI declined for a second straight month in October, with a reading of 45.6.

06-11-2023 11:48 GMT by Kenneth Fisher

Aussie soars to 3-month high, RBA expected to hike

AUD/USD climbs after soft US nonfarm payrolls RBA rate decision a 50/50 toss-up The Australian dollar has edged lower on Monday, after huge gains on Friday. In the North American session, AUD/USD is trading at 0.6499, down 0.21%. On Friday, the Aussie posted spectacular gains, rising 1.22% and hitting its highest level since August 10th.

06-11-2023 10:45 GMT by Kenneth Fisher

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Hedging the Markets - EUR/USD rallies after US jobs report (video)

OANDA Senior Market Analyst Craig Erlam discusses the latest moves in EURUSD in light of the Fed meeting and US jobs report.

06-11-2023 07:01 GMT by Craig Erlam

Dollar-yen back below 150 as greenback retreats

Yen improves after soft US nonfarm payrolls BOJ September minutes indicated members saw no need to tweak YCC The Japanese yen is steady on Monday. In the European session, USD/JPY is trading at 149.66, up 0.20%. US nonfarm payrolls cements pause in December US nonfarm payrolls fell to 150,000 in October, down from a downwardly revised 297,000 in September and shy of the consensus estimate of 170,000.

06-11-2023 06:33 GMT by Kenneth Fisher

Potential bullish tactical movements arise for Hong Kong and China equities due to USD weakness

The latest set of lacklustre US non-farm payrolls and ISM Services PMI data for October has reinforced further US dollar weakness. The narrowing of the 2-year US Treasury yield over the 2-year China sovereign bond has negated the current major downtrend of the offshore yuan (CNH) against the US dollar. A further breakdown below 7.2675 on the USD/CNH may trigger a potential tactical multi-month up moves in China and Hong Kong equities. In the past week, the medium-term uptrend of the US dollar

06-11-2023 00:16 GMT by Kelvin Wong

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Market Insights Podcast - A promising jobs report, BoE cautious pause

OANDA Senior Market Analyst Craig Erlam joins Jonny Hart and Trader Nick to discuss the US jobs report, Bank of England decision and press conference and today's services PMIs.

03-11-2023 17:23 GMT by Craig Erlam

EUR/USD - A very good jobs report for the Federal Reserve, PMIs fall again

US job growth slows as prior months revised lower Wage growth slows to 0.2% on a monthly basis in October EURUSD rebounds off channel lows The Federal Reserve could not realistically have hoped for a better jobs report today but it will need to be one of a number of positive economic reports over the coming months before it's ready to declare victory.

03-11-2023 14:07 GMT by Craig Erlam

USD/CAD steady ahead of Canada, US job reports

Canada's job growth expected to ease to 22,500 US nonfarm payrolls projected to decline to 170,000 The Canadian dollar is showing little movement on Friday. In the European session, USD/CAD is trading at 1.3740, up 0.03%. US, Canadian job growth expected to ease The week wraps up with US and Canadian employment reports, which could mean volatility from the Canadian dollar during the North American session. The US releases nonfarm payrolls, which had a massive September and crushed expectatio

03-11-2023 07:46 GMT by Kenneth Fisher

British pound eyes US nonfarm payrolls

US nonfarm employment expected to fall sharply The British pound has posted strong gains on Thursday. In the European session, GBP/USD is trading at 1.2222, up 0.16%. US nonfarm payrolls expected to decline The week wraps up with the US nonfarm employment report.

03-11-2023 07:00 GMT by Kenneth Fisher

Euro calm ahead of US nonfarm payrolls

US nonfarm payrolls expected to ease to 170,000 The euro is showing limited movement on Friday after posting strong gains a day earlier. In the European session, EUR/USD is trading at 1.0633, up 0.10%. All eyes on US nonfarm payrolls The US dollar has been under broad pressure since the Federal Reserve decision on Wednesday.

03-11-2023 05:26 GMT by Kenneth Fisher

EUR/GBP - BoE in wait and see mode with wage growth now key

BoE leaves Bank Rate at 5.25% MPC believes inflation risks are to the upside EURGBP fails to break key resistance zone The Bank of England left interest rates unchanged today at 5.25%, as expected, with the vote widening slightly but remaining very close. The fact that the vote remains close highlights how uncertain the outlook remains in the view of the MPC and how, as Bailey reaffirmed in the press conference after, the risks to inflation are still to the upside. That said, based on its

02-11-2023 13:41 GMT by Craig Erlam

Hedging the Markets - GBP/USD consolidates as BoE holds in another tight vote

OANDA Senior Market Analyst Craig Erlam discusses the latest moves in GBPUSD as the BoE announced its latest interest rate decision and released economic forecasts.

02-11-2023 13:12 GMT by Craig Erlam

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